Hedge Fund Managers Still Making Billionsby Pratap Chatterjee, CorpWatchMay 17th, 2014David Tepper, the founder of New Jersey-based Appaloosa Management, was the world’s highest earning hedge fund manager for the second year in a row, according to the Rich List published earlier this month. Tepper earned $3.5 billion in 2012, a major increase on his $2.2 billion take home income in 2012.

Barclays Temporarily Backs Down On Somali Money Transfersby Pratap Chatterjee, CorpWatch BlogApril 21st, 2014Dahabshiil, a Somali money transfer company, has won a temporary reprieve from Barclays, the last major bank to allow remittances to Somalia. The agreement comes just as a new report estimates that African expatriates lose $1.8 billion a year in transfer fees to companies like Moneygram and Western Union.

Anglo Irish Bankers On Trial For Scheme That Led to National Collapseby Pratap Chatterjee, CorpWatch BlogFebruary 12th, 2014Three top executives at Anglo Irish bank are on trial for a secret scheme to buy their own bank’s shares that eventually triggered the 2008 collapse of the Irish economy. The bankers allegedly hatched the plan to cover up bets made by Sean Quinn, once Ireland’s richest man.

Goldman Sachs Sued for Selling Libya Billions in "Worthless" Optionsby Richard Smallteacher, CorpWatch BlogJanuary 31st, 2014Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya “worthless” derivatives trades in 2008 that the country’s financial managers did not understand. Libya says it lost approximately $1.2 billion on the deals, while Goldman made $350 million.